There have indeed been more than one million jobs created since mid-2009 when the recovery began. But the job market in Canada is still far weaker than was the case before the recession. The national unemployment rate in June 2014 was, at 7.1%, still much higher than 6.0% in June 2008. And Canadas employment rate – the proportion of the working age population with a job – is even further below pre-recession levels. Between June 2008 and June 2014, the employment rate (seasonally adjusted) fell from 63.5% to 61.4%., a fall of 2.1 percentage points. The fall was much greater for men (2.7 percentage points) than for women (1.5 percentage points). While the employment rate has fallen slightly because of population ageing, the youth (persons aged 15 to 24) employment rate fell sharply from 59.5% to 55.0%, and the so-called core age group (ages 25 to 54) employment rate fell from 82.3% to 80.6%. https://broadbentinstitute.ca/en/blog/canadas-over-hyped-jobs-recovery
Posted on: Mon, 28 Jul 2014 19:57:34 +0000
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